1929 initially took much longer to roll over vs. now where after 3 mild down days it dropped like a rock. If the retracement rally continues I doubt it can get above 1430 spx.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=3&mn=0&dy=0&i=t76988573125&r=5111.png
1929 Dow Vs. 2007 Dow
Started by
Russ
, Feb 28 2007 06:13 PM
2 replies to this topic
#1
Posted 28 February 2007 - 06:13 PM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
Posted 28 February 2007 - 07:59 PM
btw
that's the hourly chart for today
Hank
that's the hourly chart for today
Hank
1929 initially took much longer to roll over vs. now where after 3 mild down days it dropped like a rock. If the retracement rally continues I doubt it can get above 1430 spx.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=3&mn=0&dy=0&i=t76988573125&r=5111.png
#3
Posted 28 February 2007 - 10:03 PM
The difference being that in '29 the bottom was after wiping out 90%, this thing is just starting.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/